Hugely important decision from @EU_Commission, which used the role of CCP members in company management and decision to infer state interference on prices and costs, which led to the rejection of Chinese prices as the basis for normal value determination in anti-dumping cases.
In response, Xiamen Xiashun, one of the companies under investigation, argues that CCP membership is nothing more than joining "a religion or political party of its choice and it has no bearing on the decision making in the company".

This argument was rejected by @EU_Commission Image
Personally, I find the reasoning of @EU_Commission a bit weak. Instead, I'd suggest @EU_Commission use this direct quote from Board Chairman of the company, as reported in 2015:
"Party organization & party members have played a vital role in ensuring our impressive performance." Image
"The company has introduced a full set of first-class equipment from Europe twice, and the party branch organized 25 party members as the backbone to participate in the installation and commissioning of the new equipment."
dangjian.people.com.cn/n/2015/0421/c1… Image

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Henry Gao

Henry Gao Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @henrysgao

13 Oct
China's Deputy Permanent Representative to the @UN: “Rule-based international order” is a violation of the spirit of the rule of law.
newsus.cgtn.com/news/2021-10-1… Image
"there is only one international system, i.e. the international system with the United Nations at its core. There is only one international order, i.e. the international order underpinned by international law."
"And there is only one set of rules, i.e. the basic norms governing international relations underpinned by the purposes and principles of the U.N. Charter"
Read 6 tweets
12 Oct
Time to revisit Xi's speech to newly elected members of the CCP Central Committee 8 years ago:
qstheory.cn/dukan/qs/2019-… Image
1. "Socialism with Chinese characteristics is socialism and not other doctrines" Image
2. The economic system must be dominated by public ownership, without which it is not a socialist system. Image
Read 5 tweets
11 Oct
Thanks for all the likes. Now is the time to dig into the "why" question behind the new restrictions.

Simply put, there are 3 reasons:
1. a man and two women;
2. a woman,
3. a man.
1. a man and two women:
Remember this guy? The former CEO of Taobao and heir apparent to Jack Ma. He got into a high-profile scandal last year when he was allegedly involved in an extra-marital affair, then Alibaba rushed to removed all posts from social media.
This is how the scandal made its way into a high-level report to the top leadership, where the CAC called it an example of "capital manipulating media". Since then, Alibaba has been ordered to divest its huge media empire, as reported by @WSJ in March.
wsj.com/articles/beiji…
Read 6 tweets
10 Oct
Over the past few days, there have been countless comments claiming that this is no big deal as the restrictions have always been there.

I don't think this is the case. Let me explain in this thread by comparing the 2021 list with the 2020 list:
1. The 2021 list is a very broad ban on everything relating to the news media sector, while the 2020 list does allow non-public capital participation, subject to equity caps. Image
2. While many of the items banned in 2020 remain banned in 2021, there have been many important additions on the 2021 list, including banning non-public capital from engaging in news reporting & editing, public account, importing foreign news, holding news summits or prize awards Image
Read 4 tweets
30 Sep
China just published its Statements at the DSB Meeting on 27 September 2021. most interesting is the part on the US-Solar Safeguards case, where China noted the following:
1. the panel lowered the legal standards for safeguard measures, esp on the causation analysis; Image
2. the panel failed to conduct an objective assessment of the matter by deferring to ITC's findings, esp on "unforeseen development" analysis re China's industrial policies. Image
3. the panel did not follow the proper standard of review by allowing post hoc rationalization by the US. Image
Read 5 tweets
27 Sep
What is China's secret success formula?
unveiled today in a story called "Why We can Succeed" on the front page of the People's Daily:
"The leadership of the Communist Party of China is our greatest advantage from victory to victory...

It is precisely because of the greatest advantage of the party’s leadership that we have achieved great achievements in rapid economic development".
"The greatest significance of China’s peaceful development to the world lies ...in the new Chinese-style modernization path created by China and the new form of human civilization created by China, which contributes Chinese wisdom and Chinese solutions to mankind"
Read 4 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!

:(